Page:1889 North Dakota Session Laws.pdf/117

 and record books of such board shall at all times be open for the inspection of every member of said board and other State officers, and any member or committee of the Legislative Assembly or either house thereof.

§ 10. TREASURER CUSTODIAN OF FUNDS.] All monies belonging to the permanent funds derived from the sale of any of the public lands, or from any other source, shall be paid to and held by the State Treasurer, and be subject to the order of the board of university and school lands. The State Treasurer shall also be the custodian of all bonds, notes, mortgages and evidences of debt arising out of the management of the permanent funds derived from the sale of any of the public lands of the State or from any other source.

§ 11. INVESTMENTS, HOW UNPAID MONIES TO BE COLLECTED.] It shall be the duty of said Board of University and School Lands, from time to time, and as soon as may be practicable, to collect all monies due and owing to any of the permanent funds under their control, and make investments of the same as hereinbefore required. If any such monies shall remain unpaid for thirty days after the same become due and payable, the board shall order the Attorney General to proceed to collect the same by civil action, to be brought and prosecuted in the name of the State.

§ 12. MANNER OF INVESTING PERMANENT FUNDS.] In the investment of the permanent funds under their control, said board shall authorize the State Auditor to draw his warrant on the State Treasurer, payable out of the fund invested, for the purchase price of the bond or mortgages, and a warrant payable out of the annual fund for any accrued interest that may have accumulated on the bonds or mortgages purchased; which warrants, previous to their delivery, shall be registered by the State Treasurer in a book provided for that purpose.

§ 13. PATENTS.] The Governor shall sign, and cause to be issued under the seal of the State Auditor and attested by the Secretary of State, patents conveying the title of the State to the purchasers of any of the public lands belonging to the State when the terms of purchase have been fully complied with, and all rents and taxes due on said Jands have been paid; and the Governor shall in like manner sign and cause to be issued patents of said lands, to any purchaser of the right, title and interest of the original purchaser, his heirs or assigns, at au execution or mortgage sale, upon presentment to him of the certificate of the Auditor that the whole amount of principal, interest, rents and taxes due thereon has been paid according to law, and that said purchaser at execution or mortgage sale is entitled to a patent to the land described in such certificate.

§ 14. FEE TO REMAIN IN STATE UNTIL PATENTS ISSUED-LANDS SUBJECT TO TAXATION FROM DATE OF CONTRACT-TRESPASSERS.] The fee of each parcel of said land shall be and remain in the State until patents are issued for the same respectively upon full